By Johnbosco Agbakwuru
The Presidency has debunked a Bloomberg report alleging delays in coupon payments on Nigeria’s savings bonds, asserting that all financial obligations are being met punctually. Special Adviser to the President on Information and Strategy, Bayo Onanuga, dismissed the report on his verified social media account @aonanuga1956 as inaccurate.
Bloomberg is not correct with this report. Finance Minister Wale Edun confirmed Nigeria’s financial stability, highlighting the country’s ample liquidity to meet all obligations without any outstanding debts. Director General of the Debt Management Office (DMO), Patience Oniha, also assured that all due payments were processed by the Central Bank of Nigeria as scheduled.
— Bayo Onanuga (@aonanuga1956) September 20, 2024
The Nigerian government is refuting Bloomberg’s claim of “system issues” causing payment delays, reaffirming its commitment to prompt debt servicing. Continuous efforts are being made to reassure stakeholders of Nigeria’s financial stability and capability to meet its financial obligations.
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